AI Chip market in North America is expected to grow from US$ 2.50 Bn in 2018 to US$ 30.62 Bn by the year 2027 with a CAGR of 32.0% from the year 2019 to 2027.
The increase in data generation due to the increasing proliferation of digital services is boosting the growth of the AI chip market. The significant investments in AI chip start-ups are also anticipated to boost the market growth. Moreover, the adoption of cloud-based AI solutions is anticipated to propel artificial intelligence Chip market growth in the forecast period. Presently, the major applications of AI chip are in the data center/cloud computing segment, and this trend is anticipated to continue over the forecast period. Also, rising adoption of AI in developing regions, evolving architectures of AI chips, and increasing applications across various industry verticals are driving the AI chip market. Owing to this growing trend, companies are anticipated to produce high-quality service by adopting cloud-based artificial intelligence services. The artificial intelligence technology is complex and expensive to build in-house by any enterprise. Not every mid-size or to some extent even the large enterprise finds it feasible to invest in in-house artificial intelligence system. Hence, most enterprises use data centers for their artificial intelligence applications. Each enterprise requires a specific artificial solution, and using cloud service providers for the same are considered as the best business model for artificial intelligence technology providers. Hence, in the coming years, the adoption of cloud-based artificial intelligence solutions is expected to grow at an impressive rate over the forecast period.
The GPU segment of the AI Chip market led the North America market with maximum share and is expected to continue its dominance over the forecast period. The AI Chip market by type is segmented into CPU, GPU, ASIC, FPGA, and others. The other segment includes SoC and other custom chips used for AI applications. GPUs are good at fetching large amounts of memory, and they offer energy efficient means of managing the complex array of calculations involved in training a neural network. It means that GPUs can train more neural networks with less hardware. However, in artificial intelligence applications, inference applications are as important as the training ones, so companies require chips which can quickly execute neural networks through inference. For this, many big tech companies are building their specific inference solutions such as Google’s TPU. For inference applications, Microsoft uses FPGAs and Baidu uses GPUs; they are more relevant for training but can work for inference also when combined with suitable software.
The US dominated the AI Chip market in 2018 and is anticipated to continue the dominance in the market across the North American region through the forecast period. The US is a highly advanced country in North America and a country where investments in advanced technologies are very high. The US has deep integration of IoT based connected devices that generate a huge amount of digital data every second. Also, with tech giants like NVIDIA, Google, Apple present in the US and their focus on artificial intelligence R&D and deployment, US is expected to be the dominant leader in AI Chip market over the forecast period. The figure given below highlights the revenue share of the Mexico in the AI Chip market in the forecast period:
Maxico Artificial Intelligence (AI) Chip Market Revenue and Forecasts to 2027 ( US$ Bn)
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NORTH AMERICA AI CHIP MARKET SEGMENTATION
By Segment
- Data Center
- Edge
By Type
- CPU
- GPU
- ASIC
- FPGA
- Others
By Industry Vertical
- BFSI
- Retail
- IT & Telecom
- Automotive & Transportation
- Healthcare
- Media & Entertainment
- Others
By Country
- U.S.
- Canada
- Mexico
AI Chip Market - Companies Mentioned
- Advanced Micro Devices, Inc.
- Alphabet Inc. (Google)
- Huawei Technologies Co., Ltd.
- IBM Corporation
- Intel Corporation
- Micron Technology, Inc.
- NVIDIA Corporation
- Qualcomm Incorporated
- Samsung Electronics Co., Ltd.
- Xilinx, Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Segment, Type, and Industry Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
PART 1. INTRODUCTION
1.1 Scope of the Study
1.2 The Insight partners research report guidance
1.3 market segmentation
1.3.1 North America AI Chip Market – By Segment
1.3.2 North America AI Chip Market – By Type
1.3.3 North America AI Chip Market – By Industry Vertical
1.3.4 North America AI Chip Market – By Geography
PART 2. key takeaways
PART 3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
PART 4. artificial intelligence chip market landscape
4.1 market overview
4.2 Ecosystem Analysis
4.3 North America - pest analysis
PART 5. Artificial intelligence chip market – key industry dynamics
5.1 key market drivers
5.1.1 Significant investments in AI chip start-ups is anticipated to boost the market growth
5.1.2 Increase in Data Generation due to increasing proliferation of digital services
5.2 Key market restraints
5.2.1 Rise in data security and privacy concerns
5.3 key market opportunities
5.3.1 Adoption of cloud-based AI solutions
5.4 Future trends
5.4.1 Custom and Application-Specific Solutions and ASICs drive the market in future
5.5 impact analysis of Drivers and restraints
PART 6. artificial intelligence chip – North America market analysis
6.1 North America AI CHIP Market Overview
6.2 North America AI CHIP market Forecast and Analysis
PART 7. North America artificial intelligence chip Analysis –By Segment
7.1 Overview
7.2 North America AI chip Breakdown, By Segment, 2018 & 2027
7.3 data center
7.3.1 Overview
7.3.2 North America Data Center Revenue and Forecasts to 2027 (US$ Mn)
7.4 egde
7.4.1 Overview
7.4.2 North America Edge Market Revenue and Forecasts to 2027 (US$ Mn)
PART 8. north america artificial intelligence chip revenue and forecasts to 2027 – type
8.1 Overview
8.2 north america AI chip Breakdown, By type, 2018 & 2027
8.3 cpu
8.3.1 Overview
8.3.2 North America CPU Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 GPU
8.4.1 Overview
8.4.2 North America GPU Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 ASIC
8.5.1 Overview
8.5.2 North America ASIC Revenue and Forecasts to 2027 (US$ Mn)
8.6 FPGA
8.6.1 Overview
8.6.2 North America FPGA Revenue and Forecasts to 2027 (US$ Mn)
8.7 Others
8.7.1 Overview
8.7.2 North America Others Revenue and Forecasts to 2027 (US$ Mn)
PART 9. north america artificial intelligence chip market revenue and forecasts to 2027 – Industry Vertical
9.1 Overview
9.2 north america AI chip MARKET Breakdown, By Industry Vertical, 2018 & 2027
9.3 BFSI MARKET
9.3.1 Overview
9.3.2 North America BFSI Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 Retail MARKET
9.4.1 Overview
9.4.2 North America Retail Market Revenue and Forecasts to 2027 (US$ Mn)
9.5 IT & Telecom MARKET
9.5.1 Overview
9.5.2 North America IT & Telecom Market Revenue and Forecasts to 2027 (US$ Mn)
9.6 automotive & transportation MARKET
9.6.1 Overview
9.6.2 North America Automotive & Transportation Market Revenue and Forecasts to 2027 (US$ Mn)
9.7 Healthcare MARKET
9.7.1 Overview
9.7.2 North America Healthcare Market Revenue and Forecasts to 2027 (US$ Mn)
9.8 media & Entertainment MARKET
9.8.1 Overview
9.8.2 North America Media & Entertainment Market Revenue and Forecasts to 2027 (US$ Mn)
9.9 Others MARKET
9.9.1 Overview
9.9.2 North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
PART 10. North America artificial intelligence chip market – Country Analysis
10.1 Overview
10.1.1 North America AI chip market Breakdown, by Key Countries
10.1.1.1 U.S. AI chip Market Revenue and Forecasts to 2027 (US$ MN)
10.1.1.1.1 U.S AI chip Market Breakdown by Segment
10.1.1.1.2 U.S. AI chip Market Breakdown by Type
10.1.1.1.3 U.S. AI chip Market Breakdown by Industry Vertical
10.1.1.2 Canada AI chip Market Revenue and Forecasts to 2027 (US$ MN)
10.1.1.2.1 Canada AI chip Market Breakdown by Segment
10.1.1.2.2 Canada AI chip Market Breakdown by type
10.1.1.2.3 Canada AI chip market Breakdown by Industry Vertical
10.1.1.3 Mexico AI chip market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.3.1 Mexico AI chip market Breakdown by Segment
10.1.1.3.2 Mexico AI chip market Breakdown by type
10.1.1.3.3 Mexico AI chip market Breakdown by Industry Vertical
PART 11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Development
PART 12. cOMPANY pROFILES
12.1 Advanced Micro Devices, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Alphabet Inc. (Google)
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Huawei Technologies Co., Ltd.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 IBM Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Intel Corporation
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Micron technology, Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 NVIDIA CORPORATION
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Qualcomm Incorporated
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Samsung electronics Co., Ltd.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Xilinx, Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
PART 13. Appendix
13.1 about the insight partners
13.2 glossary
LIST OF TABLES
TABLE 1. North America AI CHIP Market Revenue and Forecasts to 2027 (US$ Mn)
TABLE 2. North America AI chip market Revenue and Forecasts to 2027 – By Segment (US$ Mn)
TABLE 3. North America AI chip market Revenue and Forecasts to 2027 – By type (US$ Mn)
TABLE 4. North America AI chip market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
TABLE 5. U.S. AI chip market Revenue and Forecasts to 2027 – By Segment (US$ Mn)
TABLE 6. U.S. AI chip market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 7. U.S. AI chip market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
TABLE 8. Canada AI chip market Revenue and Forecasts to 2027 – By Segment (US$ Mn)
TABLE 9. Canada AI chip market Revenue and Forecasts to 2027 – By type (US$ Mn)
TABLE 10. Canada AI chip market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
TABLE 11. Mexico AI chip market Revenue and Forecasts to 2027 – By Segment (US$ Mn)
TABLE 12. Mexico AI chip market Revenue and Forecasts to 2027 – By type (US$ Mn)
TABLE 13. Mexico AI chip market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
TABLE 14. Glossary of terms, AI chip market
LIST OF FIGURES
FIGURE 1. North america AI chip market segmentation
FIGURE 2. north america AI chip market segmentation – BY country
FIGURE 3. north america AI chip market revenue, 2018 & 2027 (US$MN)
FIGURE 4. AI chip MArket ecosystem analysis
FIGURE 5. north america – pest analysis
FIGURE 6. AI chip Market Impact Analysis of Drivers and Restraints
FIGURE 7. North America AI CHIP Market Forecast and Analysis, (US$ Mn)
FIGURE 8. North America AI chip Breakdown By Segment, 2018 & 2027 (%)
FIGURE 9. North America data center Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 10. North America edge Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 11. north america AI chip Breakdown, By type, 2018 & 2027 (%)
FIGURE 12. North America cpu Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 13. North America GPU market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 14. North America ASIC market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 15. North America FPGA market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 16. North America Others market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 17. north america AI chip Market Breakdown, By Industry Vertical, 2018 & 2027 (%)
FIGURE 18. North America BFSI Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 19. North America Retail Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 20. North America IT & Telecom Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 21. North america automotive & transportation Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 22. North America Healthcare Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 23. north america Media & Entertainment Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 24. North america OTHERS Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 25. North America AI chip market Breakdown by Key Countries, 2018 & 2027(%)
FIGURE 26. U.S. AI chip market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 27. Canada AI chip market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 28. Mexico AI chip market Revenue and Forecasts to 2027 (US$ MN)
The List of Companies - North America Artificial Intelligence (AI) Chip Market
- Advanced Micro Devices, Inc.
- Alphabet Inc. (Google)
- Huawei Technologies Co., Ltd.
- IBM Corporation
- Intel Corporation
- Micron Technology, Inc.
- NVIDIA Corporation
- Qualcomm Incorporated
- Samsung Electronics Co., Ltd.
- Xilinx, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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